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CAC 40 Inches Higher On China Demand Hopes
(RTTNews) - French stocks were moving higher on Thursday amid optimism that cooling U.S. inflation would help reduce pressure for aggressive rate hikes from the Federal Reserve.
The dollar held steady and Treasury yields dipped amid bets on further softening of U.S. consumer inflation in December.
Hopes for a pickup in Chinese demand also underpinned sentiment, with upcoming Lunar New Year holidays likely to boost short-term demand.
The benchmark CAC 40 was up 41 points, or 0.6 percent, at 6,965 after rising 0.8 percent the previous day.
China-sensitive Kering rose over 1 percent on optimism over improvement in consumer demand.
Asian markets ended on a muted note earlier in the day while U.S. stock futures were slightly lower in pre-market trading.
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Swiss Market Settles Marginally Higher
The Switzerland market ended marginally up on Tuesday after a choppy ride, with investors mostly making their moves, reacting to recent earnings updates.
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European Stocks Close Broadly Higher On Fed Rate Cut Hopes, Easing Trading Tensions
European stocks closed broadly higher on Tuesday amid easing trade tensions after the U.S. extended its pause on higher tariffs for Chinese goods until November 10, averting an immediate escalation in the trade war.
Expectations of a rate cut by the Federal Reserve in September contributed as well to the positive show by most of the markets in Europe.
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Canadian Market Modestly Higher
The Canadian market is up in positive territory around early afternoon on Tuesday, supported by gains in communications, healthcare, financials and technology sectors. Easing trade tensions, and expectations of an interest rate cut by the Federal Reserve next month appear to be aiding sentiment.
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UK Labor Market Cools In Q2
The U.K. labor market softened in the second quarter as wage growth eased, the unemployment rate held steady at a four-year high and job vacancies continued to decline sharply, official data revealed on Tuesday. The ILO jobless rate held steady at 4.7 percent in the second quarter, figures from the Office for National Statistics revealed and was in line with expectations.
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hace 5h 21min
U.S. Consumer Prices Increase 0.2% In July, In Line With Estimates
Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to a report released by the Labor Department on Tuesday. The Labor Department said its consumer price index rose by 0.2 percent in July after climbing by 0.3 percent in June. The modest increase matched expectations.
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Cardinal Health Lifts FY26 Outlook, But Stock Down As Q4 Revenues Miss Street; To Buy Solaris Health
Shares of Cardinal Health, Inc. were losing around 6% in the pre-market activity after the company's fourth-quarter top line missed the market view, even as profit beat the Street. In addition, the health care service provider raised its fiscal 2026 outlook, also above market estimates. Separately, Cardinal Health announced that its multi-specialty management services organization or MSO platform
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U.S. Consumer Prices Increase In Line With Estimates In July
Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to a report released by the Labor Department on Tuesday.
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German ZEW Economic Confidence Deteriorates On Trade Deal
Economic sentiment in Germany deteriorated sharply in August due to the disappointing trade agreement reached with the United States, and also due to the declining economic output in the second quarter, results of the monthly survey conducted by the think tank ZEW showed on Tuesday. The ZEW Indicator of Economic Sentiment plummeted to a three-month low of 34.7 in August.
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